Monday, April 19, 2010

Open Question: please help me with the following finance question - 10 points best?

Helena Furnishings wants to reduce its cash conversion cycle sharply. Which of the following actions should it take and why, please explain? The company increases its average inventory without increasing its sales. The company reduces its days sales outstanding (DSOs). The company starts paying its bills sooner The company increases its DSOs. The company sells an issue of long-term bonds and uses the proceeds to buy back some of its common stock.

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